For select ADC real estate loans, borrowers were stuck with
Morton's fork: contribute 15 percent upfront equity on the "as completed" value of the project or face a higher interest rate due to a 150 percent capital requirement imposed on the lender.
You could preempt the whole thing and just say "I won't hold," but that often just gets the dial tone, or a reminder that, "Our doctor is quite busy seeing other patients." It is a true Hobson's choice--or maybe
Morton's fork. You can hold (not desirable) or you can hang up (less desirable).
And it leaves Peter Lawwell staring at what's known as
Morton's Fork.
The unfortunate owners of systems that cannot be upgraded before the stage 2 deadline will--through no fault of their own--be faced with a
Morton's fork of replacing their EHR on short notice or abandoning their quest for stage 2 attestation.
What is
Morton's Fork and why is the finale named after it?
It's a Christmassy conundrum that would have Stephen Hawkings virtually scratching his head, a
Morton's fork of a double-bind and no mistake.
Chicago, IL, July 01, 2012 --(PR.com)-- Windy City Publishers is proud to announce the release of
Morton's Fork, a new novel by Dale Coy, M.D.
But Hamas, which has proven to be as astute politically as it is ruthless militarily, maneuvered Israel into a
Morton's Fork - a choice between two equally unpleasant alternatives.
For a younger generation the book (if known at all) is about as enjoyable as a run-in with
Morton's Fork. Sellar and Yeatman's account begins with the Roman Invasion of 55BC and ends with the End of History in 1918.
North, with ace to three diamonds, will now be in a
Morton's Fork situation.
In the meantime, the Rangers fans are once again left with what they call
Morton's Fork - two choices, both undesirable.